avatarHazel Paradise

Summary

The author discusses personal strategies for achieving financial freedom, emphasizing the importance of living modestly and making frugal choices, such as cutting hair at home and avoiding unnecessary expenses.

Abstract

The article outlines the author's journey towards financial independence through simple living and conscious spending. Drawing from childhood experiences, the author reflects on the lessons learned from parents about frugality, such as home haircuts and avoiding gender-stereotypical expensive clothing and accessories. As an adult, the author continues to practice these principles by forgoing salon visits, minimizing hair treatments, and choosing home-based activities over costly outings. The piece underscores the significance of budgeting, reducing subscriptions, and embracing a minimalist lifestyle to accumulate wealth, inspired by the success of the author's father and grandfathers. It also suggests using a budget tracker and creating digital products as means to financial freedom.

Opinions

  • The author believes in the value of living within one's means, a principle instilled by their parents.
  • There is a critique of consumer culture, particularly the high cost associated with fashion and beauty standards.
  • The author advocates for self-reliance, such as cutting one's own hair and repairing items instead of replacing them.
  • The article suggests that reducing expenses on entertainment subscriptions can lead to more productive use of time and resources.
  • It is expressed that minimalism and budgeting are key to wealth accumulation, regardless of income level.
  • The author promotes the idea of hosting gatherings at home as a way to save money and maintain health by avoiding fast food.
  • There is a warning against the cost of renting storage space for unnecessary possessions.
  • The author endorses the use of a specific budget tracker and the creation of digital products as effective strategies for achieving financial freedom.

HOW TO BECOME RICH AS A WRITER

Why I Cut My Hair At Home

small ways on how to become financially free

Photo by Vino Li on Unsplash

My parents used to say, “Live within your means. Always.”

My mom used to cut my hair at home. Then the responsibility shifted to my dad who used to take me to the same barber who used to cut my grandfather’s hair too.

Yes, you are thinking right. Even though I was a little girl, my dad used to think of me as a boy and take me to boys’ stores to buy full-length t-shirts and shoes (he used to hate heels). He tried his best to make me stay away from girl’s expensive corners!

“The shorter the clothes, the more expensive it gets”, my father used to say. “I want my daughter to be able to play around freely! At least she won’t spend her life in front of the mirror!”

That’s a different story about the boy’s corner and shoes. Maybe another time. But I hope where this all is coming from.

My spending habits were disastrous

  1. I used to have a boy’s cut during school days, thanks to my dad for this — In my school days hardly any girl used to do any kind of hair treatment. No expensive makeup. No expensive clothes. Even though we all belonged to a very good family.
  2. In my college days, I was introduced to the world of fashion. But didn’t have much money so no spending. I was saved.
  3. My first job’s money was spent on buying clothes that I wore only once in my lifetime. I hardly went out, I realized this later. Imagine why I was broke even though I was a developer and later got a very good job in the Data Engineering field.

After I started cutting my hair at home—

  1. I started following in my parent’s footsteps. I can afford to go to a salon but why if I don’t need to? I save around $50-$100 each time I cut my hair at home, plus save the time of driving and waiting at the shop.
  2. Because of this no more treatments that damage my hair instead of repairing them. I won’t forget what conditioner did to my hair. Ripped off all the natural oil from my hair. It took me years to get back my normal hair. Grandma knows better than anyone else in this case.
  3. This helped me stop buying expensive clothes online. I spent a lot during my day job. I still have a few party dresses that I wore only once in my lifetime. I now hardly go to parties. I enjoy home more than anything else.
  4. Try to fix things instead of throwing them out. If little trimming can work then be it.
  5. I used to have subscriptions to 2 entertainment platforms. I spent too much time there instead of working. I have canceled the subscription and now use my time either to learn cooking or build more side hustles. The subscription amount is little but it saved me a lot in the long run. Free fun.
  6. This doesn’t work for me all the time but I try my best to invite people to my place instead of going out. Most of the time, I fail at this. “You cannot cook everything at home!” This is the answer I get most of the time. I do go out but that’s rare now. Previously we used to go out just for a coffee but then would also order donuts, french fries, and so on. Too much fast food. Eating at home not only saves money but my health too.
  7. The last one which my mom did a few years back. She stopped renting out spaces for her EXTRA stuff. Later we realized that we do not need those stuffs anymore. Renting spaces is a good business opportunity but a curse as a customer. You’ll pay actually for nothing.

Conclusion

This is it.

There are so many ways that we can save money.

Many people say to just earn more. Doesn’t matter even if you earn $10k per month, you’ll still won’t be able to save much if you aren’t on a budget.

If we don’t think of our future then who would?

My dad and both of my grandfathers became rich by living a minimal life.

If you need a budget tracker then you can have a look at this one — Ultimate Budget Tracker.

Writing
Life Lessons
Budget
Finance
Self Improvement
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